Earn Up to $240K with Stable, High Income & 2 Units - ID 9138

Permanent Management Rights for Sale

Over Two-Thirds Net Income from BC Salaries Plus Additional Rental Income

-        High body corporate salaries totaling $152,606 plus GST, split between $77,564 and $75,042, with annual increases either by CPI or 1.5%, whichever is higher. This total remuneration makes up more than two-thirds of the net profit, securing a stable income for you.

-        High net operating profit of approximately $205,683, with an additional $35,000 in rental income from one of the manager's units, totaling up to $240,000.

-        Manageable workload with flexible pacing and no set office hours.

-        Low multiplier of only 3.69.

-        All rentals are permanent, with 24 units in the letting pool out of a total of 93 units, showcasing significant potential for growth in both rental and sales.

-        Long-term 25-year agreements with 17 and 19 years remaining.

-        The sale includes two manager’s units:

-        One 3-bedroom double-story townhouse featuring 1 bathroom, an extra toilet, a garage, and a 35 square meter office with a large courtyard.

-        A spacious 5-bedroom apartment with 2 bathrooms, 2 car parks, an office, and a total area of 200 square meters.

-        Numerous air conditioning units installed in a very peaceful setting.

-        Excellent location close to shops, major highways, and good schools for convenience.

-        Live onsite in one unit while the other is rented out for an additional income of $40,000.

-        Total selling price is only $2,190,000, including both manager’s units.

If you are seeking a high and stable income, this opportunity is the one you can't afford to miss.

Net Profit: $205,683 up to $240,000 (plus rental income from one of manager’s units)

Asking Price: $2,190,000

(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker

Bill He